FINRA Fines Former Investment Banker for Bitcoin Mining

Kyung Soo Kim, a former employee of Merrill Lynch, has been fined by the Financial Industry Regulatory Authority (FINRA). The United States self-regulatory organization fined Kim $5,000 for operating bitcoin mining activities while in employment. Furthermore, Kim is restricted from connecting with any FINRA members for a month. The news comes recently after significant mining-related sentences were carried out by other governmental organizations such as the jailing of a grandmother for stealing electricity to mine bitcoin.

Source: CCN